2023 NGN to MOP Historical Review

YEARLY HIGH

0.0180 MOP

YEARLY LOW

0.0090 MOP

YEARLY AVERAGE

0.0136 MOP

2023 NGN to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0180. Conversely, the yearly low was recorded on December 30, dropping to 0.0090.

This high-to-low spread represents a total annual volatility of 0.0090 MOP. From a start-to-finish perspective, comparing the January average rate of 0.0177 to the December average rate of 0.0100, the exchange rate registered a net change of -43.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0180 was down 8.55% compared to the 2022 peak of 0.0196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 17,968 MOP

2022 Average 19,051 MOP

Yearly Trough Low 8,975 MOP

Transaction Impact: A difference of 8,993.23 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0185

0.0092

JanuMarcMayJulySeptNove

NGN to MOP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0170, compared to 0.0103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.0170

H2 Avg (Jul–Dec) 0.0103

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0078 MOP (High: 0.0176 / Low: 0.0098). On the other end, February was the most stable month, with a tight range of 0.0001 MOP (High: 0.0176 / Low: 0.0175).

June Spread (Volatile) ±0.0078

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0039 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0177) against the same month in 2022 (average: 0.0194), the exchange rate shifted by -0.0017 (-8.65%).

2023 Avg (January) 0.0177

2022 Avg (January) 0.0194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0180	0.0175	0.0177
February	0.0176	0.0175	0.0176
March	0.0176	0.0175	0.0176
April	0.0176	0.0173	0.0175
May	0.0176	0.0174	0.0175
June	0.0176	0.0098	0.0142
July	0.0106	0.0101	0.0104
August	0.0107	0.0103	0.0105
September	0.0108	0.0102	0.0104
October	0.0106	0.0091	0.0103
November	0.0103	0.0097	0.0100
December	0.0105	0.0090	0.0100